Billionaires see net worth drop amid stock market turmoil

Multiple billionaires saw their net worth shrink on Monday while the global markets experienced significant turbulence. Amazon founder Jeff Bezos, Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg were among the billionaires with estimated personal fortunes that posted major drops, Forbes reported. Those companies and the other four tech giants that make up the "Magnificent Seven" experienced notable declines in their stock prices on Monday.

Bezos was worth $180.8 billion as of Monday afternoon, according to Forbes’ real-time tracker. Meanwhile, the outlet pegged the value of Huang and Zuckerberg at $87.7 billion and $167.3 billion. Other billionaires like Oracle co-founder Larry Ellison and Tesla CEO Elon Musk saw $6 billion shed from their personal fortunes Monday thanks to movement in the stock of their companies, according to the outlet.

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These Billionaires Lost The Most During Monday’s Stock Market SlideDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
Fuente: Forbes - 🏆 394. / 53 Leer más »